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Tuesday, May 3, 2016

April 2016 economic indicators report

Highlights of the April 2016 DC Economic Indicators report, according to the OCFO, are:

The total number of jobs in the District increased by 11,400 (1.5%) compared to the previous February

The federal government sector gained 1,200 jobs (a 0.6% increase) compared to a year ago; while the education and health sector gained 800 jobs (an increase of 0.6%) over the previous year

The unemployment rate for the District was 6.5% in February; the same as the previous month

The number of new unemployment claims fell by 7.8% compared to the previous year

349 condos were sold in February 2016; a 17.5% increase from one year ago

In February the median price for a single family home increased by 3.4%, while the median price of a condo remained the same as the previous year